Real Estate Delhi NCR

Property values increase in Indraprastha Extension

Indraprastha Extension, the fringes of East Delhi, before the start of Ghaziabad was the mainstay of retirees and those on the lookout for low-cost housing once. Shyamal Das, an old resident who took up residence in the locality two decades ago reminisces how auto drivers would not ferry him to the “Yamuna paar” area after sundown.

A bustling residential locality today, probably one of the first in East Delhi to have builder floor multi-storey apartments within gated communities, Indraprastha Extension or IP Extension as popularly called is one of the most sought-after residential addresses for those who can lay their hands on hardly available property. Bordered by Mayur Vihar, Preet Vihar and Ghaziabad, IP Extension scores on its proximity to other prime locations such as Vikas Marg, Connaught Place, Noida and Indirapuram (all within a 10-12 km distance).

As per data from MagicBricks, the capital values in Indraprastha Extension rose 4 per cent in the Jan-Mar 2013 quarter. “Availability of projects at lesser values, metro connectivity and good road infrastructure are the key reasons for the rise,” says Kamal D Patil of Landmark Real Home. “Indraprastha Extension offer comparatively lower rates for property, which is the main reason for consistent rise in values quarter-on-quarter,” Patil said.

The value of property in the locality is between Rs 10,000-12,000 per sq ft. Though most projects offer 2 and 3 BHK apartments, 1 and 4 BHK housing formats are also available in the locality. Most properties in the locality are above five years old. There are over 100 Cooperative Group Housing Society properties.

Ajay Kumar of PropHunt, a realty firm, describes the place: “IP Extension is a well-planned colony developed by state government with general public, resident welfare societies way back in the late seventies, when private-government employees formed a group, collected money after formation of co-operative societies to build multi-storey apartments with facilities such as car parking, lift, parks, community centre, temple, guard room within gated communities.”

“Located near Anand Vihar and Akshardham Mandir and with easy connectivity to both through metro rail and public conveyances, IP Extension is one of the most thickly populated areas, preferred by lawyers, doctors, government officers, businessman, and professional from all walks of life,” Kumar adds.

Source 🙂 MagicBricks.com

Buying Residential Property In Noida

Primo Realty, set up in 2011, believes in making client ‘Experience Excellence’ in the process of offering end to end real estate solutions. The Company partners with the major players in the real estate Industry, particularly in the Delhi & NCR region.  The Company is managed by Mr. Vivek Chhibber, who, over the years, has bench marked services in real estate sector, particularly in the NCR region and has, in the space of five years carved out a niche for himself for being one of the finest service providers.

Riding on the faith reposed by the customers in our operations, we excel in providing the utmost satisfaction with constant growth. Client satisfaction is paramount to us and we look at establishing lasting relationship than doing a just business deal. While the Company’s success story remains upbeat with service presence across all segments viz;

• Commercial
• Residential
• Institutional
• Rented Properties

Residential Property In Noida

Employment generation makes a place popular real estate destination

Employment generation and the industrial base of an area define its popularity as a real estate destination. This was an interesting observation made at a meet organised by Magicbricks.com on Assessment of Consumer Demand. Kumar Bharat, Director, BCC Infrastructure, observed: “When we launched Bharat City at Baghpat, 700 customers working in small and medium industries in Shamli booked flats in the project.”

“Look at any city, wherever commercial and industrial operations start, the need for housing is automatically generated,” said Deepak Kapoor, Director, Gulshan Homz. Is this the reason why Gurgaon, which attracted global and home-grown MNCs early on, raced ahead in terms of real estate development and values of property compared to Noida?

Here’s a look at three industrial hubs near Delhi which rose from obscurity to becoming prominent real estate destinations:

Bhiwadi: 55km from the Indira Gandhi International Airport, Bhiwadi is the fastest growing industrial town on the outskirts of Delhi. A prime industrial town of the NCR and Rajasthan, Bhiwadi has around 2,500 small, medium and large, industries including MNC industrial units. Bhiwadi is acquiring a name for itself as a real estate destination. Developers who have a presence here include Parsvnath, MVL, Ashiana, Jagriti Infrastructure, Kajaria, M Tech, etc.

Dharuhera: It’s USP – proximity to Delhi-NCR and industries worth Rs 3,000 crore. The area also has a car plant of Honda Siel in Khushkhera, the SEZ of Reliance, the Japanese corridor and a railway corridor coming up. The area already has a cineplex, hospitals, schools, leading banks and shopping malls. Leading developers tapping into Dharuhera’s huge potential are Raheja Developers, Parsvnath, Ansal API, M2K, Tivoli, SNG and BCPLVardhman.

Neemrana: Multiple drivers propel Neemrana’s real estate growth. An investment of around Rs 21.5 billion is expected to flow in with the RIICO and Japan External Trade Organization joining hands for setting up of industrial units by several Japanese companies. These projects are expected to employ nearly 3,000 people. This has been a trigger for developers to build residential projects in the area. Rajasthan government’s Global City is being developed on 40,000 acres in Shahjahanpur-Neemrana-Behror area. This city will have a capacity to house one million people and will also have a cyber city, a medicity, a knowledge city, an entertainment city, an SEZ city, a World Trade City, and a bio-diversity park.

Source: MagicBricks.com

Real Estate Delhi NCR

Rising aspiration, values drive property market…….!

Globalization, a growing economy and awareness has encouraged even the modest of families to aspire to own a home, and once invested probably look for a second one or upgrade to a superior abode. Another reason for the rise in demand for housing is the falling average age of home buyers — from 43 years in 1999 it dropped to 33 in 2010. This changing demographic profile is also transforming housing consumption patterns.

An interesting pattern in the aspiration levels of the consumer was observed at the Real Estate Dialogue (RED) on Assessment of Consumer Demand held by Magicbricks.com. As the spending power of the consumer grows, his aspiration increases. “The urge to buy and upgrade to a better lifestyle is upfront. With an increase in purchasing power, the consumer looks for a better environment; he upgrades from a colony to an apartment and then to a plotted development,” said Kumar Bharat, Director, BCC Infrastructure, at the meet.

“We saw about 700 customers from Shamli, who wanted to upgrade to better facilities in Baghpat. We priced 3BHK units at Rs 45 lakh,” pointed out Bharat, who sold 1,400 units in the Bharat City project a few days from launch in Baghpat, about 18 km from the Delhi border.

Better education, healthcare and housing – all reflect a migration to a better lifestyle and quality of life. “The world is evolving, so is consumer demand. A well-informed consumer today looks for value for money in his investments, and real estate forms a huge part of that investment,” said Neeraj Bansal of KPMG.

“Employment generation and the industrial base of an area define its popularity as a real estate destination. The educated, service class opts for multi-storey apartments in gated communities for social growth,” said Deepak Kapoor, Director, Gulshan Homz.

Till recently, a family’s status symbol was measured by the size of the house. But high income levels and aspirations are redefining the very concept of housing where the conventional per-square-foot rate doesn’t apply. Instead developers have to ensure the entire package, from the housing unit, amenities, significance of the neighbourhood, location and the social standing that comes with it.

Indrani Rajkhowa Banerjee, MagicBricks.com

Proposed widening of NH 24 to boost realty in Noida, Ghaziabad

Does the slow traffic on NH 24 aggravate your already frenzied morning mood? There is a reason for you to cheer now. The widening of the Delhi-UP link road, that is, the stretch from UP gate to Dasna has been approved by the authorities after four years of its conceptualization. Not only will it impact the traffic situation on the road, but it will also prove to be a boon to the real estate market in the surrounding areas such as Noida and Ghaziabad.

As an initial part of the project, the road from Akshardham to the UP Gate has already been widened to eight lanes. However, as one enters Ghaziabad, the road becomes narrow and is visibly insufficient to contain the traffic and sustain speed. The widening of the complete highway will result in a smoother run to Ghaziabad in future. A few under-passes too, are planned along the stretch to maintain the flow of traffic. The highway is majorly used by people travelling to Ghaziabad in areas such as Vaishali, Kaushambhi, Vasundhara, Indirapuram, Crossings Republik and Eletronic City in Noida.

Owing to this, realty markets of both Noida and Ghaziabad are expected to be impacted positively. Sanjay Saxena of Aditya Associates says, “The demand and prices of residential properties are anticipated to double with the widening of the road. The effect will be seen on all the adjoining localities such as Indirapuram, Vaishali, Vijay Nagar and Crossings Republik. Already there are about 25 to 30 new residential projects coming up on the stretch.”

Several township projects by developers such as Ansal API, South Asian Real Estate, Landcraft Builders and Wave Infratech can be found along the highway. Noida’s Electronic City too lies on the same stretch.

Manish Wadhwa of Omega Buildcon & Realtors says, “Along with Indirapuram and Lal Kuan, buyers would also be seen moving towards locations such as Govind Puram, Crossings Republik and Mahagun Puram once the construction on the road is completed. “ Along this stretch properties are available in a wide budget range. “For instance, adds Wadhwa, “while the property values in Indirapuram are higher at around Rs 6,000-7,000 per sq ft, Govind Puram offers lowest prices of around Rs 2,000 per sq ft.”

The stretch has residential, commercial and industrial developments happening at the same time. Thus, the broadening of the road is most probable to have its impact on the realty prices and demand in both Ghaziabad and Noida. Now, it’s worth watching how a broadened road will help in retaining the realty prospects of these areas.

Source 🙂 The Times Of India

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Apartments in Haridwar

It is developed by The Primo Realty, manufacturers known for its values, ethics, leadership and commitments.

The township offers 2, 3 and 4 BHK apartments in earthquake resistant G+6 towers with floor sizes varying from 985 sq ft to 2650 sq ft. . Haridwar Greens also offers 4 BHK triplex villas of 3150 sq ft, with servant quarters, powder rooms, terraces and private lawns.

Primo Realty is a complete township project. It hosts a wide range of facilities like shopping mall, multiplex, post office, school, nursing home, pharmacy, bank and ATM. It also features various amenities like club, indoor and outdoor sports facilities, bar, restaurant, convenience stores, shopping mall and multiplex.

Haridwar Greens is located close to 3 km from the district court and close to important transit points like Bhadrabad Junction and Ranipur More. The Haridwar Railway Station is 15 km from the site. Spiritual destinations like Har Ki Pauri on the banks of Ganges and Patanjali Yogpeeth stand 17 km and 14 km away respectively.

Home loans from leading banks like HDFC, Punjab National Bank, DHFL and Canara Bank are available for any property in Haridwar Greens.

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Real Estate Delhi NCR

Real Estate Property in Delhi NCR are witnessing a rise in demand with the development of large commercial areas in the National Capital Region (NCR) of Delhi. A studio apartment is a small-size accommodation with all the modern facilities. This concept has become very popular in the NCR in recent years as studio apartments come within the affordable range and are suitable for first-time buyers. So Primo Realty launched their new project.

Its popularity can be understood from the fact that over 1,600 units of the newly launched studio apartments at Primorealty some days of the launch.

The project, Buddh Circuit Studios, has two options: 1BHK (560 sq ft) and 1BHK plus study (725 sq ft), with the price starting from Rs 18.42 lakh. The apartment will have vitrified tiles throughout, complemented by enameled flush doors and oil-bound distemper walls, to keep them looking fresh and new.
The integrated township will also comprise world class educational facilities, medical centres, and recreational facilities. Sports City has a variety of residential and commercial offerings, along with breathtaking vistas of perennial lakes and canals.
Many developers have also launched services apartments, where they would also provide room service to residents. These apartments will be highly suitable for investment purpose as they are likely to command high rentals.

Real estate in Delhi (NCR) – The largest residential market in India

The real estate prices have peaked in Delhi and the national capital looks cramped up for space. This is one of the main reasons that property buyers are increasingly turning towards the National capital region that include places like Noida, Greater Noida, Gurgaon, Faridabad and others. The reason that people are flocking to buy properties in these places include lesser cost, free space, better planned colonies and residential township, and off course, proximity to Delhi.

If we see in retrospect, then the prices started increasing ten years ago and the robust economic growth along with a creation of upper-middle class in Delhi NCR further pumped up the prices. This also created a demand for premium or luxury property in this region. And by the time recession hit the world and spread its tentacles to India, the prices had already become exorbitant. However, recession saw large corrections in price and real estate crumbled from the uneven equation where the supply exceeded demand.

Apart from the price correction in the period October 2008- May 2010, the realtors also started targeting the middle-income group and the period saw the frequent launches of affordable housing projects. The prices were kept tantalizingly low and focus was given to streamline the project management and make it cost-effective. Many buyers saw this as a good opportunity and hence the trend of affordable housing, that almost became obsolete in the initial period of 2008, was revived once again. This trend has persisted ever since then and post-recession the demand for luxury projects too has increased manifolds. The prices have again started skyrocketing and the future of Delhi NCR looks stable and is slated for a sustained growth in the coming years.

Residential Property In Noida Delhi NCR

Primorealty is country’s leading real estate developer, dealing into commercial & residential properties in Noida, Delhi NCR.

Residential projects and commercial property are spread all over Noida, Greater Noida, and Delhi NCR. in the Delhi NCR Real Estate primorealty and is admired for its innovativeness, quality and commitment to its end-users.

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